NEXII Buyer, 3 Gates, announces plan to relaunch and rebuild
30 Julio 2024 - 6:00AM
NEXII Inc., (NEXII) has completed the acquisition of Nexii Building
Solutions’ assets under the authority of the Canadian court on June
28, 2024, setting the stage for the relaunch of NEXII’s state of
the art products.
NEXII specializes in precision-manufactured structural wall and
roof panel systems for the building industry, addressing rising
construction costs, the demand for shorter schedules, and the need
for a reduced carbon footprint. NEXII’s technology accelerates
construction timelines and reduces the carbon footprint to a third
of that produced by traditional concrete walls. Leading
multinational companies such as Walmart, Chase Bank, AECOM, and
Starbucks have used NEXII’s panels, known for their durability,
energy savings, and efficient installation.
Russ Lambert, a principal with 3 Gates, noted that, “NEXII’s
construction techniques are truly superior in every way to
conventional methods. We believe that with the relaunch, the
restructured NEXII will be a very successful North American tech
success story – NEXII is a winner.”
NEXII has retained many of its current employees and is
investing C$8 million into retrofitting the flagship Squamish, BC
(Canada) manufacturing plant to enhance its production capacity,
quality, and safety.
Blake Beckham, another principal with 3 Gates, said “We were
immediately impressed with the quality and commitment of the
Squamish workforce, and it was an easy decision to remain there and
continue to invest in the plant, with plans to upgrade and expand
operations. Both the Canadian workforce and the Squamish plant are
crucial elements of our goal to create high quality,
environmentally friendly buildings throughout North America.”
Bill Tucker, a Vancouver, BC-based construction executive, has
been appointed as the bridge CEO to oversee the restructuring and
expansion of NEXII. Mr. Tucker will later transition to the Board
of Directors as the Canadian representative. Mr. Tucker commented,
“I am pleased to be a part of this important effort to restructure
and expand NEXII. Our collective vision is to build a profitable
company driving impactful change in carbon reduction and schedule
enhancement in the North American construction industry.” Mr.
Tucker noted that operations transitioned from the old company to
NEXII, Inc. on July 24, 2024.
The Buyer's principals, based in Dallas, Texas, are experienced
in restructuring and distressed workouts. These Principals have the
experience and expertise necessary to foster an environment for
NEXII to thrive and grow into a powerful force in the North
American construction industry.
About NEXII:
NEXII Inc. designs and manufactures rapid-assembly buildings
that address rising construction costs, the demand for shorter
schedules, and the need for a reduced carbon footprint. Utilizing
its proprietary material, Nexiite, NEXII is transforming the
construction industry by challenging traditional practices with a
focus on technology, innovation, service integration, and
sustainable building solutions. NEXII facilitates the rapid
assembly of high-quality buildings with reduced carbon emissions,
near-zero waste, and minimal community disruption. Speed, quality,
and sustainability are central to NEXII's mission to create a
vibrant future for clients and the planet.
Media Contact:
Bill Tucker, CEO
NEXII Inc.
btucker@nexii.com
604-632-4359